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Illustration: Sarah Grillo/Axios
The health care industry continued to rake in record-level profits in the second quarter, with its year-over-year earnings increasing by 23%, according to an Axios analysis of 160 companies.
The bottom line: Pharmaceutical firms and hospitals, in particular, are reaping some of the largest rewards even amid the sustained public furor over drug prices and surprise medical bills, Axios' Bob Herman reports.
Where it stands: We updated our health care earnings tracker to include 48 not-for-profit hospital systems, many of which also own health insurance companies, and we will add more as more financial documents are released.
By the numbers: Big Pharma remains the cash king.
The intrigue: Hospitals don't retain as much money as drug companies, but their prices and Wall Street investments are still leading to sizable windfalls.
The big picture: The profits don't just lead to hefty paydays. They allow the industry to amass a war chest to fend off piecemeal reforms and larger-scale overhauls like Medicare for All.
CBS will no longer run advertisements from any e-cigarette company as a matter of policy, Axios' Orion Rummler reports.
Our thought bubble, via Axios' Sara Fischer: News companies have discretion over the types of ads they will or won't accept. In a tough news economy, they try to be as open to all viewpoints as possible, but in recent years, news organizations have drawn the line at products that could harm public safety — like guns or nicotine.
Related: New data released yesterday by the National Institute on Drug Abuse confirmed that the number of 8th-, 10th- and 12th-graders using e-cigarettes has doubled in the past 2 years.
Go deeper: The global anti-vaping tipping point
Most providers aren't asking their patients about all 5 key social needs that are associated with health outcomes, according to a new study in JAMA Network Open.
Why it matters: "Social needs ... are linked to health outcomes. Identifying patients with unmet social needs is a necessary first step to addressing these needs," the authors write.
Remember when everyone was worried that some Affordable Care Act marketplaces wouldn't have any participating insurers? Fortunately, the situation has improved a lot since then, according to the Robert Wood Johnson Foundation.
The big picture: This is more evidence that the ACA marketplaces are stabilizing and even becoming attractive for insurers.
Sen. Bernie Sanders and former Vice President Joe Biden on the debate stage last week. Photo: Win McNamee/Getty Images
Democrats want 2020 presidential candidates to start talking about something else, my colleague Marisa Fernandez writes.
By the numbers: Voters are tired of watching 2020 candidates debate on stage whether "Medicare for All" should get rid of private insurance or how much it would cost taxpayers, Morning Consult reports.
Flashback: ABC's George Stephanopoulos kicked off last week's debate by asking again whether Americans should anticipate tax increases from the candidates' health care plans.